Ceragon Networks (NASDAQ:CRNT) Releases Earnings Results, Meets Expectations

Ceragon Networks (NASDAQ:CRNT) issued its quarterly earnings results on Tuesday. The communications equipment provider reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01, FiscalAI reports. Ceragon Networks had a positive return on equity of 2.27% and a negative net margin of 0.73%.The business had revenue of $85.00 million for the quarter, compared to the consensus estimate of $80.36 million.

Here are the key takeaways from Ceragon Networks’ conference call:

• Ceragon said Q1 revenue was $85 million, with non-GAAP EPS of $0.01 and positive free cash flow of $2.8 million, describing the quarter as a solid start to 2026.
• India momentum remained very strong, including about $86 million in bookings announced for leading operators, and management said the region now gives them confidence that their roughly $100 million revenue floor for India in 2026 is secure or could be exceeded.
• The company reiterated full-year 2026 revenue guidance of $355 million to $385 million and said the North America revenue delayed by a component issue is a timing shift from Q2 into Q3, not a demand problem.
• Management warned that Q2 gross margins will likely face pressure because of an unusually high mix of lower-margin India revenue, along with broader cost headwinds such as rising memory, copper, freight, and foreign exchange pressures.
• Ceragon highlighted encouraging progress in North America and Europe, including a successful FR2 proof-of-concept with a major tier-1 carrier and stronger customer interest in Europe following Nokia’s wireless transmission divestiture, which management said should support orders later in 2026.

Ceragon Networks Trading Down 2.0%

CRNT stock opened at $2.48 on Thursday. Ceragon Networks has a 1-year low of $1.82 and a 1-year high of $2.84. The firm has a market cap of $225.41 million, a P/E ratio of -124.00 and a beta of 1.32. The business’s 50 day moving average is $2.39 and its 200-day moving average is $2.27.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Weiss Ratings downgraded Ceragon Networks from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, April 20th. Lake Street Capital assumed coverage on Ceragon Networks in a research note on Tuesday, March 31st. They set a “buy” rating and a $3.50 price target for the company. Roth Mkm reiterated a “buy” rating and set a $4.50 price target on shares of Ceragon Networks in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $3.00 price target on shares of Ceragon Networks in a research note on Wednesday. Finally, Craig Hallum reiterated a “buy” rating and set a $4.00 price target on shares of Ceragon Networks in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $3.75.

Institutional Investors Weigh In On Ceragon Networks

Several large investors have recently modified their holdings of the stock. CSM Advisors LLC grew its stake in shares of Ceragon Networks by 10.5% in the 4th quarter. CSM Advisors LLC now owns 2,284,048 shares of the communications equipment provider’s stock valued at $4,795,000 after purchasing an additional 216,273 shares during the period. Private Advisor Group LLC grew its stake in shares of Ceragon Networks by 47.4% in the 4th quarter. Private Advisor Group LLC now owns 1,420,888 shares of the communications equipment provider’s stock valued at $2,984,000 after purchasing an additional 456,710 shares during the period. Qube Research & Technologies Ltd grew its position in Ceragon Networks by 100.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 580,093 shares of the communications equipment provider’s stock worth $1,427,000 after acquiring an additional 290,695 shares during the last quarter. Squarepoint Ops LLC grew its position in Ceragon Networks by 642.7% during the 2nd quarter. Squarepoint Ops LLC now owns 552,939 shares of the communications equipment provider’s stock worth $1,360,000 after acquiring an additional 478,489 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Ceragon Networks by 31.7% during the 2nd quarter. Bank of America Corp DE now owns 372,961 shares of the communications equipment provider’s stock worth $917,000 after acquiring an additional 89,821 shares during the last quarter. 13.31% of the stock is currently owned by institutional investors.

About Ceragon Networks

Ceragon Networks Ltd. is a global provider of wireless backhaul solutions, specializing in high-capacity, low-latency connectivity for mobile operators and private networks. The company designs and manufactures a portfolio of microwave and millimeter-wave equipment that serves as a fiber alternative for carrying voice, data and video traffic between cell sites and core networks. Ceragon’s solutions are engineered to support the rigorous performance requirements of modern 4G and 5G deployments, with an emphasis on scalability, reliability and efficient spectrum utilization.

The company’s product lineup includes point-to-point and multi-point radio platforms, as well as software-driven network management tools that enable operators to plan, deploy and monitor end-to-end transport networks.